Insightful Economics

Human psychology’s influences on economic decisions.

4.6 (148)

71 mins

Explore the interaction between human behavior and economic decision-making, covering the endowment effect, systematic saving, emotional investing, game theory in markets, and probabilistic thinking for better predictions. These insights enhance our understanding of behavioral psychology’s impact on economic decisions.

Ep 1:

What is Endowment Effect in Behavioral Economics?

Ep 2:

What Is the ‘Christmas Club’?

Ep 3:

How Do Emotions Affect Investment Decisions?

Ep 4:

Game Theory & Nash Equilibrium

Ep 5:

What Is the Connection Between Altruism and Ecomonics

Ep 6:

How to Make Better Predictions Using Probabilistic Thinking?

Ep 7:

The Human Tendency to Simplify Complex Questions

Ep 8:

The Power of Perception in Economics and Pricing Decisions

Ep 9:

What is Marginal Thinking?

Ep 10:

What's the Role of Storytelling in Business?

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Discussions (13)

Ashley

Level 2 · 9 mo ago

Yep the endowment effect is massively real. You see it constantly on Vinted where sellers price their old worn out clothes like they are vintage gold.